Tiruchirapalli: “As part of expansion plans and embarking on certain new joint ventures (JV), public sector BHEL is to recruit about 4,000 people, including executive engineers annually, at least for the next three years,” B. Prasada Rao, chairman and managing director said.
“At present,there are 45,000 plus headcount in various BHEL units and the company plans to enhance it to 52,000-55,000 by the end of 2012,” Rao said.
“The company had also plans to start industrial training institutes as a solution to overcome the diffculty in getting artisans to BHEL’s sub-contractors,” he said.
The PSU had forwarded a proposal to the railway ministry, enabling them to be a partner with Indian Railways to install a manufacturing unit at the campus of railway workshop in Kalcharapar in West Bengal.
The proposed JV would enable BHEL produce self propulsion vehicles along with delicate components for the Railways on an assured off-take.
He said that they have received a fresh order worth about Rs990 crore from Railways to supply about 150 electric locomotives. BHEL unit at Jhansi would manufacture and supply the engines.
He said that works on the JV projects for additional power generation of 2x800 MW and 3x800 MWs each in Tamil Nadu and Karnataka respectively was expected to be completed within the next two months.
Rao said that talks were on with employees unions on wage revision and a new wage structure was expected to be in place within a few months.
“BHEL would invest Rs235 crore on its Vishakapatnam plant to enable it produce power plant equipment and components,” Rao said.
“The order position for power plant equipment is quite encouraging with pending orders worth about Rs1.3 lakh crore, which could be cleared in three or four years”, he said.
Of the 78,000 MW capacity addition in the current five year plan period, BHEL had bagged orders for 44,000 MW or equivalent to 55% of the quantity.
In the current year quarter, the PSU had maintained over 21% growth in revenue earnings.
“The trend was expected to continue and top line growth would be more than the present one by end of this fiscal, while bottom line would range from 35-40%,” he said.